Data as of Nov 4, 2026.
EUSA vs GSLC: Differences, Returns & Fees
Over the year to Nov 4, 2026, EUSA returned +17.6% to GSLC's +13.3%; 49% of their weight is in the same names.
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Net assets on Nov 3, 2026: $1.9bn for iShares MSCI USA Equal Weighted ETF and $15.3bn for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.
Pair scorecard
Both cost 0.09% a year; their one-year returns differ by 4.3 points; GSLC is 8.1 times larger.
Points (pts) are percentage points.
| Measure | EUSA | GSLC |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.6% | +13.3% |
| Benchmark | ||
| What it tracks | MSCI USA Equal Weighted Index | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.09% |
| Net assets, as of Nov 3, 2026 | $1.9bn | $15.3bn |
| Holdings | ||
| Holdings in common | 49% | |
| Top ten holdings, share of the fund | 2.6% | 35.2% |
Risk and return
Oct 2, 2015 to Oct 30, 2026 · 578 weekly returnsEach against its own benchmark: EUSA against MLRG, May 14, 2010 to Oct 30, 2026; GSLC against VOO, Oct 2, 2015 to Oct 30, 2026.
From Oct 2015 to Oct 2026, GSLC returned more: +327.4% to +234.9%. GSLC swung slightly less: 16.7% to 18.2%. GSLC fell less at its worst: −31.8% to −37.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EUSA | GSLC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +234.9% | +327.4% | GSLC | Price change plus distributions, reinvested. |
| Annualized | +11.5% | +14.0% | GSLC | Total return as a yearly rate. |
| Price return | +179.4% | +263.1% | GSLC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.2% | 16.7% | GSLC (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.7% | 11.6% | GSLC (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.2% | −31.8% | GSLC | Deepest fall from a high to the low after it. |
| Upside capture | 87.1% | 96.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 95.5% | 99.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.83 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.73 | GSLC | Return above Treasury bills per unit of volatility. |
| Sortino | 0.81 | 1.05 | GSLC | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.113 | 0.123 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.31 | 0.44 | GSLC | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | MLRG | VOO | The ETF each fund is measured against. | |
| Alpha | −1.4% a year | −0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.78 | −1.43 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.8% to +2.1% | −1.7% to +0.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.27 | −0.49 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.1% | 1.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 578 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EUSA and GSLC hold 49% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
49% in common
Only in one fund ↓
Side by side
EUSA and GSLC on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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EUSA
EUSA tracks an index. Over the year to Nov 4, 2026 it returned +17.6% with distributions reinvested, against +14.5% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Nov 3, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 515 positions, with the top ten at 2.6%.
GSLC
GSLC tracks an index. Over the year to Nov 4, 2026 it returned +13.3% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. By its holdings filed for Aug 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 426 positions, with the top ten at 35.2%.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EUSA against GSLC, data as of Nov 4, 2026. https://etfiq.com/compare/any/eusa-vs-gslc
ETFIQ. (Nov 4, 2026). EUSA against GSLC. Retrieved from https://etfiq.com/compare/any/eusa-vs-gslc
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